The nomination committee at Infosys, which will make the final decision on the next chief executive officer at the IT major, is currently stationed in London vetting the profiles of external candidates submitted to them, as the search process enters its final leg. The three-member nomination committee headed by KV Kamath is presently reviewing the presentations of external candidates submitted by Egon Zehnder, the agency hired by Infosys for the CEO search, according to sources aware of these developments.
However, the identity of these candidates could not be established, though sources indicated that it could be largely CXOs from India and one or two Indians who are based in the US. External candidates said to be in the running include Salil Parekh of Capgemini, Ravi Venkatesan, former chairman of Microsoft India, Ravi Uppal of Jindal Steel & Power, Gordon Brooks, an IT industry veteran.
The list also includes former joint CEOs of Wipro — Suresh Vaswani and Girish Paranjpe. The scrutiny of the these candidates are being done in London to evade any kind of attention.
Sources said that during the search process, efforts were made to reach out to certain senior executives of Indian origin working for Accenture in the US, but they were not very keen on the post given the extensive traveling that the job will entail, if the same was being done out of India. Sources said that the bulk of the work was done by Egon Zehnder’s US unit with substantial inputs being provided by its India operations.
Infosys is likely to be calling for an unscheduled board meet next month ahead of the company annual general meeting (AGM) on June, 14. As a practice, the board meets informally before the AGM and later after the shareholder meeting. Though the race for the next CEO seems to be a toss up between the internal and external candidate, sources indicate that finally there could be some balancing formula. This would mean the presence of both candidates to meet the requirements of the market and allay the fears of Infosys employees.
P P Thimmaya | Financial Express